Scroll to top of page.
Improper Asset Management

Improper Asset Management

Overview

Personal representatives and executors of estates and trustees of trusts have many duties in handling these matters including their overall fiduciary duty of acting in the best interest of the estate/trust and handling assets as instructed or in the most prudent manner. The PR/executor or trustee breaches this duty when they improperly manage assets of the estate/trust not following modern portfolio theory and/or the instructions outlined in the instruments.  Issues can also arise when the assets are not properly cared for, maintained, and protected.